Archives: Current Affair

Coronal mass ejections (CMEs) are giant eruptions of hot plasma and magnetic fields from the Sun’s corona, the outermost layer of its atmosphere. These eruptions can contain billions of tons of material traveling at millions of kilometers per hour. What causes CMEs: Magnetic Reconnection: The main culprit is a process called magnetic reconnection. The Sun’s […]

Why in News?  Recently, the night sky was lit up by northern lights, or aurora borealis, at Hanle village in Ladakh early . Northern lights were also witnessed in other parts of the world, including in the United States and the United Kingdom. Meanwhile, southern lights, or aurora australis, were spotted in countries such as […]

Why in news? Gold has long been a preferred choice for parking wealth in India, long before stocks, mutual funds and other financial instruments became part of the broader mix of investment options. The metal is seen as a safe haven asset, providing a hedge against inflation or any kind of financial uncertainties. Apart from physically buying […]

Haitian Vodou, also spelled Vodoun, is a vibrant and complex African diasporic religion that developed in Haiti between the 16th and 19th centuries. Origins and History: Roots in West Africa: Haitian Vodou emerged from the traditions of several West and Central African religions, brought to Haiti by enslaved Africans. The most significant influences came from […]

In a veiled reference to the pro-China tilt of the Maldives government led by President Mohamed Muizzu, External Affairs Minister S Jaishankar told his Maldivian counterpart Moosa Zameer Thursday that the development of India-Maldives ties was based on “mutual interests” and “reciprocal sensitivity” given that they are “close and proximate neighbours”. The Maldives Foreign Minister […]

  Why in news? The Directorate of Revenue Intelligence (DRI) officials has recently  arrested a foreign national, who was found smuggling 77 capsules filled with 1.46 kg Cocaine worth Rs 15 crore in his stomach. DRI has arrested him under relevant sections of Narcotics Drugs and Psychotropic Substances (NDPS) Act. About The Directorate of Revenue […]

Why in news? Recently Taiwan has demanded its “on-market economy” classification to “market economy” to avoid high taxes imposed by the United States on the goods imported from the Southeast Asian  country. What is a Market Economy? A market economy is a system in which production decisions and the prices of goods and services are […]

Why in News ?India has recently  lodged a strong protest with China for carrying out construction activities in the Shaksgam valley, in an “illegal” attempt to alter the situation on the ground. The Shaksgam Valley dispute is a territorial disagreement between India and China. Location: The Shaksgam Valley is a high-altitude valley located in the […]

The Cross-Border Interbank Payments System (CIPS) is a Chinese payment system launched in 2015 by the People’s Bank of China (PBOC). Here’s a breakdown of CIPS: Purpose: Facilitate cross-border transactions in Renminbi (RMB), China’s currency. This aims to internationalize the use of RMB and reduce reliance on other currencies like USD. Services: Provides clearing and […]

The International Monetary Fund (IMF) is an international organization with a mission to promote global economic stability and prosperity for its 190 member countries. The Role of the IMF: Promoting Stability: The IMF works to ensure a stable global financial system by monitoring economic and financial developments in its member countries. It identifies potential problems […]